Daily Trading Signals by Exness - USD/CAD

[Exness Support]

USDCAD: growth against the background of lower key interest rates in Canada

USDCAD
July 16, 2015, 09:53
Buy on rebound from 1.2870 level with 1.2935 target. Stop loss = 1.2820.

Reason for the trading strategy

Yesterday, the Bank of Canada lowered its key interest rate from 0.75% to 0.5%. According to the regulator, investment in the energy sector will be reduced by 40% in 2015. The Bank of Canada expects the GDP to decrease by 0.5% (y/y) in Q2. In Q3 2015, the regulator predicts the GDP to grow by only 1.5% (y/y), and the inflation rate to grow up to 2% (y/y) no earlier than the first half of 2017.



USDCAD, H4

 

[Exness Support]

USDCAD:growth against the background of falling oil prices

USDCAD
Aug. 17, 2015, 09:32
Buy on a level breakthrough of 1.3148 with 1.3212 target. Stop loss = 1.3100.

Reason for the trading strategy

Last week, the number of oil rigs in the US increased by 2 units, amounting to 672 units, with growth observed for the fourth consecutive week. The news puts pressure on the oil quotations. At a breakthrough of the level of 1.3148, opening long positions in the USD/CAD pair is worth considering


USDCAD, H4

 

[Exness Support]

USDCAD: consolidation before the Bank of Canada's meeting

USDCAD
Oct. 21, 2015, 10:55
Sell on a level breakthrough of 1.2934 with 1.2831 target. Stop loss = 1.2984.

Reason for the trading strategy

Today at 14.00 GMT, the Bank of Canada will announce its decision on the key interest rates in the country, which is expected to be 0.5%. If the regulator's rhetoric is tough, the Loonie will strengthen. In addition, today it may be supported by the publication of statistics on oil reserves in the US and the news related to the OPEC representatives meeting.

USDCAD, H4

 

[Exness Support]

USDCAD: consolidation in the range of 1.3045-1.3145

USDCAD
Oct. 23, 2015, 10:55
Sell on a level breakthrough of 1.3045 with 1.2945 target. Stop loss = 1.3100.

Reason for the trading strategy

Today, the USD/CAD pair may fall below the level of 1.3045 at the time of publication of the weekly statistics on the number of oil rigs in the United States. Low oil prices force investors to reduce investments in the oil and gas sector. We allow for the WTI crude oil prices to enter the upper limit of the range of $43,65-51 in Q4 2015.

USDCAD, H1

 

[Exness Support]

USDCAD: consolidation higher than the level of 1.3052

USDCAD
Nov. 2, 2015, 10:25
Sell on a level breakthrough of 1.3052 with 1.2967 target. Stop loss = 1.3110.

Reason for the trading strategy

External and internal factors support the Loonie. The WTI crude oil prices rose to 46.25 dollars per barrel after the publication of data on the total number of oil rigs in the United States, which fell by 12 to 775 according to the last week's totals. In August, Canada's GDP grew by 0.1% (m/m), as expected.

USDCAD, H4

 

[Exness Support]

USDCAD: consolidation in the range of 1.3269-1.3317

USDCAD
Nov. 9, 2015, 09:49
Sell on a level breakthrough of 1.3269 with 1.3191 target. Stop loss = 1.3320.

Reason for the trading strategy

Today, the Loonie will be supported by the oil prices that rebounded from their Friday's lows and the adjustment of the US dollar in the international currency market. The oil prices react positively to the statistics on the number of oil rigs in the United States, which fell by 6 last week, down to 572.

https://twitter.com/Exness_Support/status/663681614119989249

USDCAD, H1

 

[Exness Support]

USDСAD: under pressure against the background of rising oil prices

USDCAD
Nov. 19, 2015, 11:25
Sell on a level breakthrough of 1.3225 with 1.3040 target. Stop loss = 1.3275.

Reason for the trading strategy

According to the US Department of Energy, the country's oil reserves grew by 0.3 million barrels over the past week, with a forecast of growth of 2 million barrels. The statistics provided support for oil prices. Currently, WTI crude oil is trying to gain a foothold above the level of $40 per barrel, and the USD/CAD pair is approaching the level of 1.3225.

USDCAD, H4